Philippines doesn't rule out rate hikes

The Philippines central bank isn't ready to stop increasing interest rates even though inflation has started to show an encouraging moderation, a central bank official told Dow Jones Newswires in an interview published on Wednesday 12 April.

Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said in a recent interview with Dow Jones Newswires that the authority looks to other factors on policy, including the direction of U.S interest rates, whether inflationary pressures are driven by

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